Bitcoin surpasses $80,000, ETH and SOL follow in recovery, market sentiment improves

Odaily reported that according to BitMart’s market observation on May 4, BTC is currently trading at approximately $80,312, with an intraday high of about $80,529; ETH is trading at approximately $2,392.34, with an intraday high of about $2,394.25; SOL is trading at approximately $85.80, with an intraday high of about $85.94. Overall, major assets continued to strengthen today, with BTC reclaiming the $80,000 mark, ETH returning to near $2,390, and SOL maintaining the $85 level, indicating further improvement in market sentiment compared to before the holiday.

From a market performance perspective, BTC climbed steadily from an intraday low of $78,081 to around $80,500, with core assets still dominating the market rhythm; ETH followed the upward trend, suggesting that the linkage within major cryptocurrencies remains intact; SOL showed relatively smaller volatility, leaning towards following the rally rather than leading it. Currently, the market is primarily driven by BTC, with capital inflows relatively concentrated. Although the range of lagging gains has expanded, the intensity has yet to fully materialize.

BitMart X Insight: On May 4, stock markets in the UK, Tokyo, Shanghai, and Shenzhen were closed for holidays, while U.S. stocks traded normally; at the same time, the market continued to digest the macroeconomic backdrop of rising oil prices and the Federal Reserve's decision to keep interest rates unchanged. In the crypto market, such an environment typically leads to capital being more concentrated around a few core assets, making BTC's strong performance more prominent than altcoins. Today, BTC was the first to break through $80,000, with ETH and SOL following in the recovery, reflecting a market where sentiment is driven by mainstream assets.

Investors are advised to continue monitoring BTC's stability above $80,000 and whether ETH and SOL can further amplify their lagging gains under the leadership of mainstream assets. This article is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile and carries significant risk; please make rational decisions and manage your personal risk accordingly.